Oil and Industry

Energy 20-08-2019

No-deal Brexit set to cause disruption for UK oil refineries

Though UK fuel export tariffs are set to rise to 4.7%, import tariffs will be set at 0%. Oil refineries are warning this would put them at a competitive disadvantage.
Agrifood 14-08-2019

EU slaps anti-subsidy duties on Indonesian biodiesel

The European Commission on Tuesday (13 August) imposed countervailing duties of 8% to 18% on imports of subsidised biodiesel from Indonesia, saying the move aimed to restore a level playing field for European Union producers.
Agrifood 08-08-2019

EU opens antitrust investigation into PKN’s bid for rival Lotos

Polish oil refiner PKN Orlen's bid for rival Lotos may reduce competition in Poland and neighbouring countries and push up prices, EU antitrust regulators said on Wednesday (7 August) as they opened a full-scale investigation.
Shipping 18-07-2019

Oil tanker investments at risk from climate action, report says

Strong action on climate change would shrink demand for vessels by a third, impacting investment decisions being made now, analysts say. EURACTIV’s partner Climate Home News reports.
Energy 17-07-2019

How vulnerable is Europe to conflict in the Strait of Hormuz?

NEWS ANALYSIS / The involvement of a British tanker in the latest military incident with Iran in the crucial oil shipment choke point has pulled Europe into the fray.
Energy 12-07-2019

EU threatens Turkey with sanctions over Cyprus drilling

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey’s “illegal” drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, according to a draft statement....
Energy 10-07-2019

Russia readies to ratify Paris Agreement, warns about renewables ‘absolutism’

The Russian government will submit legislation to ratify the Paris climate agreement by September, but president Vladimir Putin warned against the perils of “absolutist” renewable energy. EURACTIV's media partner Climate Home News reports.
Global Europe 05-07-2019

Iran condemns detention of oil supertanker in Gibraltar

Iran on Thursday (4 July) condemned the "illegal interception" of one of its oil tankers in Gibraltar where authorities said they suspected it was carrying crude to Syria in violation of EU sanctions.
Energy 01-07-2019

Brussels ministerial shows US still isolated on climate change

Ministers from China, Canada and the EU met for a third annual climate summit in Brussels on Friday (28 June), in a format meant to demonstrate that the world continues the climate fight even if America is retreating.
Energy 28-06-2019

Satellite data offers new hope for taming oil’s methane emissions

The release of methane emissions from drilling has been a beguiling problem for the oil and gas industry. But EU satellite data points toward a solution.
Energy 21-06-2019

EU ‘in full solidarity’ with Cyprus over Turkey drilling

The EU in the night to Friday (20 June) stepped up its rhetoric over Turkey's "illegal" drilling for oil and gas off Cyprus, raising the threat of sanctions if Ankara refuses to back down.
Energy 20-06-2019

A changing climate puts Europe’s energy sector at risk

Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
Energy 17-06-2019

Slumped economic growth will mean oil oversupply next year, IEA says

Slower oil demand growth in 2019 is expected to lead to a glut of oil next year, which could have significant impacts on energy prices in Europe.
Energy 14-06-2019

Pope Francis calls for ‘radical energy transition’ to stem global warming

Pope Francis said on Friday (14 June) that carbon pricing is “essential” to stem global warming – his clearest statement yet in support of penalising polluters – and appealed to climate change deniers to listen to science.
Energy 13-06-2019

Suspected attack on tankers shows volatility of oil markets

The price of crude oil, which has been languishing at five-month lows, jumped suddenly on Thursday (13 June) following unconfirmed reports of an attack on two oil tankers in the Gulf of Oman.
Plateforme pétrolière en mer Baltique, 2008. [Andrew/Flickr]
Energy 11-06-2019

UK-South Korea deal seeks to calm Brexit anxiety in oil markets

A UK-South Korea trade deal announced Monday (10 June) guarantees future exemption from oil tariffs following a spate of dry months without crude imports coming from Britain's North Sea fields.
Energy 04-06-2019

As America retreats on climate, China and Russia confirm commitments

The US president's gambit to make the Paris Agreement collapse failed. Now China and Russia are taking advantage of the power vacuum left by the US to shape the accord's rules - and show no signs of wavering on commitments.
Energy 22-05-2019

BP shareholders demand climate action, but reject calls for hard targets

An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
Energy 02-05-2019

‘Freedom gas’: US opens LNG floodgates to Europe

US energy secretary Rick Perry will sign two export orders for liquefied natural gas (LNG) in Brussels today (2 May), in a move officials said will double America’s export capacity to Europe to 112 billion cubic meters per year as of 2020.
Energy 26-04-2019

Poland, Russia, Belarus and Ukraine to talk on polluted Russian oil

Representatives of Poland, Russia, Belarus and Ukraine will meet on Friday (26 April) in Minsk, the capital of Belarus, to discuss how to solve the problem of polluted Russian oil, Poland’s pipeline operator PERN said on Thursday night.
Climate change 12-04-2019

Exxon lobbyists allowed to keep EU access badges

The heads of political groups in the European Parliament have failed to reach a decision on whether to strip ExxonMobil lobbyists from their EU access badges, leaving some activists bitterly disappointed and others reflecting about future engagement with the oil and gas industry.
Global Europe 12-04-2019

Russia cashes in as European oil refiners pay for US sanctions

European refiners are paying the price for US oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed.

‘Historic breakthrough’: Norway’s giant oil fund dives into renewables

Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.
Climate change 23-03-2019

ExxonMobil faces EU Parliament ban after no show at climate hearing

ExxonMobil faces losing its lobby privileges at the European parliament after the company failed to show up for the first hearing into climate change denial. EURACTIV's media partner The Guardian, reports.

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LUKOIL’s main activities are exploration and production of oil and gas, refining and marketing of petroleum products and petrochemicals, as well as power generation. In order to reduce environmental impact and make efficient use of resources, LUKOIL has developed renewable energy solutions including hydroelectric, solar and wind generation.

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